Blog

Watch the FHA Condo Rule Facebook Live: 9/26

September 20, 2019

The U.S. Department of Housing and Urban Development is expected to release new Federal Housing Authority (FHA) condominium financing policies on October 15, 2019. The new rules should benefit your real estate clients and customers by allowing more buyers to obtain low down-payment mortgages on affordable housing options. Join the NAR FHA Condo Rule Facebook […]

August 2019 Loudoun County Market Trends Report: Average Sales Price to Original List Price Ratio Hits a 10-Year High

September 19, 2019

Overview • The inventory of homes listed for-sale in Loudoun County during the month of August were at a same-month ten-year low of only 993 homes. Active listings decreased 19.5% from last August; moreover, residential listings have steadily fallen by 56.7% since a peak of 2,294 available homes in 2014. • August 2019 (closed) sales […]

GSE Reform Proposal Unveiled

September 11, 2019

On September 5, 2019, the White House released a proposal to reform the nation’s housing finance system and privatize Fannie Mae and Freddie Mac. The recommendations, if implemented, will impact operations of the Government Sponsored Enterprises (GSE) and the Department of Housing and Urban Development (HUD). While the plan involves potential administrative, regulatory, and legislative […]

Mark Miller Honored for His Community Service!

September 5, 2019

Congratulations to DAAR member Mark Miller, Long & Foster, Ashburn, who was honored by the Board of Supervisors for his dedication to Loudoun County. Miller has volunteered for the last eight years with the Loudoun County’s Public Library Board of Trustees, serving as Chairman of that Board for the last six years. In addition to […]

New FHA Condo Rule Expected to Yield Thousands of New Homeownership Opportunities

August 14, 2019

The U.S. Department of Housing and Urban Development is expected to release new Federal Housing Authority (FHA) condominium financing policies. The new rules should benefit your real estate clients and customers by allowing more buyers to obtain low down-payment mortgages on affordable housing options. Specifically, the rule will extend certifications from two years to three, […]

2018 DAAR Major Investors Included in the RPAC 50th Anniversary Artwork

July 24, 2019

To commemorate the 50th Anniversary of the REALTORS® Political Action Committee (RPAC), a 10-foot-high drawing of the National Association of REALTORS® Washington, D.C. building was commissioned. Not only is the drawing beautiful, it is drawn entirely with the names of nearly 10,000 RPAC Major Investors! If you look closely, you’ll find the names of the […]

June 2019 Loudoun County Market Trends Report: Housing Market Continues to Tighten

July 15, 2019

Overview Inventories of for-sale homes continue to decrease in Loudoun County. The number of active listings dropped 10.2 percent in June 2019 compared to one year earlier. Loudoun County residential listings have declined more than 50 percent since the peak in 2015. June closed sales decreased almost 10 percent from the previous year dropping to […]

Tips to Comply with the Do Not Call Registry

July 12, 2019

While telemarketing and cold calls can be an effective way to grow your business, REALTORS® should make sure that those calls don’t violate telemarketing laws. The Telephone Consumer Protection Act prohibits telemarketing calls to consumers who place their personal phone number on the national Do-Not-Call registry. The Virginia Telephone Privacy Protection Act also protects consumers […]

Loudoun County Short-Term Rental Registration Opens July 1, 2019: Real Estate Licensees Exempt

June 27, 2019

Many operators of short-term residential rental property in Loudoun County are required to register their rental property every year with the county. Real estate licensees and people represented by a real estate licensee are exempted from the registration process. A short-term residential rental is “the provision of a room or space that is suitable or […]

Virginia REALTORS® Select 2020 Leadership Team

June 27, 2019

At the Summer 2019 Board of Directors meeting, elections were held to determine two spots on the Virginia REALTORS® 2020 Leadership Team. Beth Dalton of the New River Valley Association of REALTORS® was elected President-Elect, and Denise Ramey of the Charlottesville Area Association of REALTORS® was elected Vice President. The two will serve alongside the […]